Mastering Financial Management
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Questions and Answers

What is one of the key responsibilities of a finance manager?

  • Finding ways to control and improve the company's financial position (correct)
  • Generating enough resources to fund company activities
  • Recording and analyzing financial transactions
  • Issuing additional shares of stock

    • Which of the following best describes financial management?

  • The process of raising, allocating and controlling a company's funds (correct)
  • The process of managing cash flows in a company
  • The process of issuing shares of stock in a company
  • The process of recording and analyzing financial transactions

    • When might a company need to borrow money?

  • When it has a long-term need for funds
  • When it needs to issue additional shares of stock
  • When it has a short-term need for funds (correct)
  • When it generates enough resources to fund its activities

    • What does a finance manager do with the cash that flows into the company?

    <p>Uses it daily to cover operating expenses</p> Signup and view all the answers

    What is the relationship between financial management and accounting?

    <p>Accounting is a subset of financial management</p> Signup and view all the answers

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